Program Brochure - NMIMS

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nmims.eduProfessionalizingFamily Businesses & Gearing Upthe Start-upsPROGRAM BROCHUREKnow us morefamilybusiness.nmims.edu

WELCOME TO NMIMSIn 1981, Shri Vile Parle Kelavani Mandal (SVKM) established Narsee Monjee Institute of Management Studies (NMIMS) to meetthe growing demand for management education. In 2003, NMIMS was declared a deemed to be university under Section 3 ofthe UGC Act 1956. The vision of NMIMS is to be a globally admired university by 2030. The Mission of NMIMS is to emerge asa centre of excellence, best-in-class in India and Asia, and striving towards being the best in the world by 2030.With a legacy of 38 years, NMIMS has grown to become one of the top-10 B-schools in India and has emerged as amulti-disciplinary, multi-campus university, with campuses at Mumbai, Navi Mumbai, Indore, Shirpur, Dhule, Bengaluru,Hyderabad and Chandigarh and fourteen constituent schools that include Management, Family Business, Engineering,Pharmacy, Architecture, Commerce, Economics, Law, Science, Liberal Arts, Design, Performing Arts, Mathematical Science andDistance Learning. In addition, the university has nine Centres of Excellence. The consistent academic quality, research focus,faculty from top national and global institutes and strong industry linkages have placed NMIMS amongst the nation's primecentres of educational excellence and research. Today, more than 15,000 students and about 700 full-time faculty membersare a part of the university.INDEX1Accreditations02Welcome to PDSE & FB03Our Success Story04Why PDSE and FB?05Infrastructure06Teaching and Learning07Student Activities at PDSE & FB09Alumni: Your Global Network11Programs Offered13Beyond Classrooms14

ACCREDITATIONSAICTE Approved ProgramsAACSB - International Accreditation(Mumbai Campus)NAACAccreditation2NAAC with 3.59 CGPA (on 4-point scale)and Grade A for the 3rd time (Mumbai Campus)Category 1 University by MHRD / UGC – GradedAutonomy Regulations 2018AMBA - International Accreditation(Bengaluru and Hyderabad Campus)SAQS - International Accreditation - (School ofBusiness Management (SBM) Mumbai Campus)

WELCOME TO PDSE & FBWelcome to Pravin Dalal School of Entrepreneurship& Family Business ManagementNMIMS PRAVIN DALAL SCHOOL OF ENTREPRENEURSHIP & FAMILYBUSINESS MANAGEMENT (PDSE & FB) is a pioneer in FamilyBusiness Management education in India. Established in the year1999 as a special initiative of the School of BusinessManagement (SBM) NMIMS-Mumbai, the school boasts of analumni base of over 4,000, comprising of many leading familybusinesses.India has one of the highest number of family-owned businessesin the world that contribute significantly to the growth cycle ofthis country. However, scalability and keeping pace withdisruptive technologies and markets remain a constant challengecoupled with a smooth succession in leadership. This hasunderpinned the value of niche knowledge, skills andunderstanding of international practices required to operate,expand and transform business in today’s times.The school offers education in Entrepreneurship and FamilyBusiness (E & FB) Management through its undergraduateprogram; Integrated-MBA (E & FB) since 2015, Post-graduateprogram; MBA (E & FB) and a weekend FMBA program since 1999.Our reputation lies in our ability to bring entrepreneur’sperspective to business management education. Furthermore, wedevelop critical skills and sensitivity required to take familybusinesses forward. The school nurtures future leadershipthrough its pioneering ecosystem of well-respected faculty,futuristic curriculum, subject matter expert talks, peer veinternational exposure and social connect programs - acomprehensive bouquet of in-class and beyond classroompedagogy. The school, through its current students and strongalumni, offers an opportunity for a large personal andprofessional network for future business possibilities.Our mission is to continue providing intellectual capital to familybusinesses to propel innovative and socially responsibleleadership. We sincerely wish to play a bigger role in shapingleadership in family businesses of India.Seema MahajanDirector3

OUR SUCCESS STORYTop 321 yearsRanked 3rd in Family BusinessStrong legacy inand Entrepreneurshippioneering family-runEducation in Indiabusiness programsTop 1004000 Ranked among top 100Strong Network of alumni‘Best Entrepreneurship’Masters Programworld wide - Eduniversal RankingsTop 10The Power of ManyRanked among top 10Only Program mentioned in the McKinseyBest Business Schools byReport -’Realizing the socio economic potential of‘Entrepreneur B-Schoolentrepreneurs in the 21st century’ releasedSurvey 2017’at the G-20 Young Entrepreneurs Summit in ParisYEARS OF EXCELLENCE4MBA(Entrepreneurship& Family BusinessManagement)WeekendFamily ManagedBusiness AdministrationProgramIntegrated MBA(Entrepreneurship& Family BusinessManagement)Since 1999Since 1999Since 2015

WHY PDSE & FB?OUR DIFFERENTIATORSSTRONG LEGACYA legacy of 38 years in settinghigh educational standards forAACSB Accredited programs21 years of experience inunderstanding and impartingniche knowledge of Indianfamily businesses andentrepreneurship and guidingstart-up and scalingchallengesEXPERIENCED ACADEMIAExperienced and dynamicfaculty coming from diversebackgrounds with wideindustry-academia exposureMASSIVE NETWORKINGPOSSIBILITESEMBRACING BESTPRACTICESTURNING IDEAS INTOACTIONWe offer opportunity tonetwork with our strongalumni base of 4000 familybusinessesWe develop understanding ofworld-class business practicesthrough domestic andinternational visitsOur mixed pedagogystimulates critical thinkingthrough lectures, caseanalysis, business plandevelopment, design thinkingand peer group learningprojectsINDUSTRY CONNECTPEOPLE SKILLSGLOBAL CHALLENGESRegular interactive sessionswith guest speakers inleadership positions inindustry and professionalpractitioners from variousfieldsOutbound training sessions tofoster skill-building andteam dynamics in aspiringleadersSensitizing future businessleaders on globalenvironmental and socialchallenges through annualsocial-connect projectsUNDERSTANDINGBUSINESS: THE GLOCALWAYSHAPING LEADERSHIP:FORMS & FORMATENRICHED PEDAGOGYStudent exchange programs &International linkages withover 30 institutions tounderstand the global andlocal language of business5DELIVERING VALUE INEDUCATIONWe have management developmentprograms and certificateprograms to address keychallenges of family businessand entrepreneurshipPDSE & FB offers businessknowledge with nichemodules oncontemporary advancementsin business world incollaboration with worlds’best consultancies

INFRASTRUCTURE State-of-the-art Campus Well-equipped ClassroomsCMIE, Capital Markets, ISI EmergingBloomberg TerminalMarketsDedicated Digital Library (Bombay Management Association),MANLIBNET (Management LibraryAnnual Reports, Newsletters, etc.6Network), and Indian Institute of100 National and InternationalPeriodicalsInstitutional Membership with BCL(British Council Library), BMAE-resources of 125000 eBooks, 31000 E-Journals, Audio-Visuals, CDs, VCDs, Access to Corporate Databases likeTechnology (IIT) Bombay. Reading HallCafeteria

TEACHING AND UPPRE-STUDYINDEPENDENTLECTURESSESSION& MATERIALSPEER GROUPMENTORINGRESEARCHDOMESTIC& INTERNATIONALLEARNING PROJECTS& SUPERVISIONINDUSTRIALVISITSEMINENTCORPORATELEARN FROMYOUR PARENTSLEADERS-GUESTLECTURESPARENT SERIES &IN- BUSINESS PROJECTSPDSE & FB Academic ChallengesPDSE & FB’s academic challenges lie in imparting in-depth business knowledge with niche understanding of family-runbusinesses. We create and disseminate knowledge around family businesses that are yet to scale and transform. Thetransition from traditional to contemporary way of doing business lies in 360-degree approach in resolving challengesand limitations faced by these businesses. The challenges revolve around interconnected issues and face ‘where tostart from’ dilemma.7

Core challenges & our academicinterventionsBusiness RoadmapUnderstanding future of businessthrough product & market mapping andimpact of changes in techno-socialenvironmentScaling BusinessUnderstanding why scaling isindispensable and how to go about itfor business sustainabilitySuccession PlanningAddressing the need for formalsuccession planning and whycontingency planning is importantAttracting and Retaining TalentInvesting in human resource andaddressing ‘train to skill or to switch’issuesCultural UnderstandingDrawing on interdisciplinary strengthsto develop understanding of culturalissues in family businesses andresolving people’s problemDecision Making, Delegation andFamily ConflictEvolving system driven businesses ratherthan the ‘family in business’ approachFinancial AccountabilityPracticing treatment of accounts andtaxes for aiming long-term growthTransformative TechnologyTranslating insights into improved ornew products and processes8

STUDENT ACTIVITIES AT PDSE & FBPublication – AnthologistsAnthologists, a publication series by the students of Pravin Dalal School of Entrepreneurship and Family Business aims topromote learning through debates and discussions with industry experts, brainstorming and creating businesscase studies and research papers.Annual Event: InspirusInspirus is the flagship annual business eventof Pravin Dalal School of Entrepreneurship &Family Business Management, NMIMS.The theme based event is attended bydignitaries from across industries.9

Bombay Business Conclave (BBC)BBC, with an array of managerial and cultural activities, is a student driven event that provides aplatform for students to fraternize and express their hobbies and passions.Pioneer GarageIt's a unique student driven activity and inspires new Ideas, concept notes, business plans. Nearly 13%new business initiatives come out of ‘Pioneer Garage’. The sessions are facilitated by the Director andsubject matter experts from related Industries.10

ALUMNI: YOUR GLOBAL NETWORKJeet ThackerClass of 2015-17“I can say that this course gave us the third eye tosee how world is moving and where we canposition ourselves. The exposure was not limited tothe boundaries of our country but was global tohelp us realize how the world is runningbusinesses”.Mayank JainClass of 2012“MBA E & FB is the most strategically designed course. Nowhere else will a 25 yearold get the opportunity to sit, converse & interact with 100 business leaders”.Juhi NagpalClass of 2007-09“As founder and director, I manage to put togethergrand flea markets every season. Undaunted bychallenges, I am truly an Alumni of NMIMS”.Surbhi JainClass of 2017“My journey at NMIMS helped me grow my confidence, self-esteem and will power.I always had a creative side but NMIMS gave me the platform to showcase it”.11

Harsh BohraClass of 2015“PDSE & FB gave me the opportunity to pursue my trimester in France. It was agreat experience to interact with professors from different nationalities sharingtheir practical experience. Communicating with a group of global friends andgetting the exposure to think different on a global scale, was very invigorating.Siddharth SahlotClass of 2017“I benefited greatly from this program. Thisprogram demystifies the complex task of strategicthinking and planning for the family and businesssystems”.Aditya BhideClass of 2017“This MBA program has provided me with not only an in-depth understanding ofbusinesses but has also given me the opportunity to study specific moduleswhich would help me transform my family business.Adarsh Mahipal GuptaClass of 2001-03“I could discover my strengths at NMIMS. It hasshaped my distinctive personality and gave methe vision to manage my family business that nowhas presence in over 56 countries”.12

PROGRAMS OFFEREDPROGRAMS OFFERED AND ENTRY REQUIREMENTSPROGRAM NAMEELIGIBILITYMBABachelor’s degree from(Entrepreneurshipa recognized university& Family Business)with min. 50% marksIntegrated MBACBSE/HSC/IB/ISC(Entrepreneurship(12th class)& Family Business)with min. 60% marksWeekend FamilyManaged BusinessGraduate degree from aAdministrationrecognized universityProgram (FMBA)13DURATION2 Years(Full-Time)5 Years(Full-Time)32 Weekends(Sat 6 hrs. &Sun 5 hrs.)

BEYOND CLASSROOMS14

For Appointment, Call: Ms. Kananbala N Toll Free No.: 1800-1025-138Web: familybusiness.nmims.edu E-mail: kananbala.ningthoujam@nmims.eduV.L. Mehta Road, Vile Parle (W), Mumbai - 400 056, ANDIGARHCHANDIGARHSHIRPURBENGALURU

In 1981, Shri Vile Parle Kelavani Mandal (SVKM) established Narsee Monjee Institute of Management Studies (NMIMS) to meet the growing demand for management education. In 2003, NMIMS was declared a deemed to be university under Section 3 of the UGC Act 1956. The vision of NMIMS is to be a globally admired university by 2030.

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